The correct answer is 9 years explanation is let y be the required number of years hope it helps :)
Answer:
I need help too...............
Answer:
$259 532
Step-by-step explanation:
Step 1. Calculate the monthly payments on a 30-year loan.
The formula for the monthly payment (P) on a loan of A dollars that is paid back in equal monthly payments over n months, at an annual interest rate
of r % is

<em>Data:
</em>
We must express the interest rate on a monthly basis.
i = 6.55 %/yr = 0.545 83 %/mo = 0.005 4583
A = $425 500
n = 360 mo
<em>Calculation:
</em>




P = $2703.46
B. Total Payment (T) after 8 years
T = nP
T = 96 × 2703.46
T = $259 532
Michael will have paid $259 532 at the end of eight years.
From the table, we can observe that the formula for the total cost of item is

From the data in the table, cost of item 6.00 has the input incorrect because the sum of the cost of its item and tax on the item is,

but the total cost was incorrectly inputed as 7.56.
Hence, the correct option is Option A.
Answer:
3
x
y
2
Step-by-step explanation: